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India one of the biggest markets for ride-sharing services, says Uber CEO Dara Khosrowshahi

Uber CEO Dara Khosrowshahi said India is one of its biggest markets for ride-sharing services, and said that the company is expecting similar results from UberEats business in India, during the company's Q2 2019 investor call. UberEats' monthly active platform consumers (MAPCs) grew over 140% year-over-year worldwide, and listed 320,000 restaurants. However, UberEats has failed to pick up in India, given the highly competitive food delivery space. Amazon India was reportedly in talks in July to acquire UberEATS' India business. Earlier in February, both Swiggy and Zomato had also reportedly held talks to acquire UberEATS. Some numbers for this quarter: Revenue of $3.16 billion and a loss of $5.2 billion for Q2 2019 Increase in trips up by 35% year-on-year gross bookings up 37% year-on-year Over 100 million monthly active platform consumers in July Losses included a driver appreciation award of $298 million made during Uber's IPO In May, Uber offered its initial public offering at a price of $45 a share. Following this, the company reported a $1.01 billion quarterly loss for its Q1 2019. According to Khosrowshahi, the company's core platform growth of $220 million was driven by an increased focus on products, service, tech and brand differentiation in the US and Latin America ridesharing categories. Uber operates in 5 large cities in Germany, which was one of its fastest-growing ridesharing countries this quarter. Buenos Aires in Argentina is the fifth largest city in the world based on trips taken. Khosrowshahi on effect of mobility platforms and work with local…

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